2014 Legal Job Market Overview, Part 11—Hot Practice Area 7—Economic Development Law

Every state and municipality in the United States is engaged in a fierce competition to attract and/or retain businesses. The economic development universe consists of more than 2,000 organizations that both hire attorneys and engage outside counsel to advise and assist them in their business attraction and retention efforts. In addition to raiding other U.S. jurisdictions for new business, globalization has expanded these efforts—and competitions—far beyond U.S. borders.